What is your full retirement age to collect Social Security?

The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67.

Can I collect Social Security after full retirement age?

When you reach your full retirement age, you can work and earn as much as you want and still get your full Social Security benefit payment. In addition, as long as you continue to work and receive benefits, we’ll check your record every year to see whether the extra earnings will increase your monthly benefit.

What is the average Social Security benefit per month at full retirement age?

(For context, the estimated average Social Security retirement benefit in 2021 is $1,543 a month. The average disability benefit is $1,277.)

The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960, until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67.

Can you get Social Security benefits before your full retirement age?

If you start receiving your benefits before your full retirement age, we will reduce your benefits based on the number of months you receive benefits before you reach your full retirement age.

When do Social Security benefits go down if you retire at 62?

Social Security benefits will be reduced by 20 5 / 6 % for a person whose full retirement age is 65 and 2 months (retires at 62 in 2000). Social Security benefits will be reduced by 25% for a person who retires at 62 whose full retirement age is 66 (born 1943-1954).

What was the original retirement age for Social Security?

The retirement age will increase from 65 to 67 over a 22-year period, with an 11-year hiatus at which the retirement age will remain at 66. The original Social Security Act of 1935 set the minimum age for receiving full retirement benefits at 65.

When do you find out your full retirement age?

Find out your full retirement age, which is when you become eligible for unreduced Social Security retirement benefits. The year and month you reach full retirement age depends on the year you were born.